TPP deal reached.

[TOM4CWB]

Trans-Pacific Partnership trade agreement reached, sources say
Trade ministers from 12 Pacific Rim countries conclude comprehensive deal after extended talks
CBC News Posted: Oct 05, 2015 7:57 AM ET Last Updated: Oct 05, 2015 8:58 AM ET
"An agreement has been reached on the Trans-Pacific Partnership trade deal, according to officials familiar with the lengthy negotiations, Reuters reported Monday.

The sweeping pact, which was finalized after marathon negotiating sessions in Atlanta, will cut trade barriers and set common standards for the 12 Pacific Rim countries involved. For a short time over the weekend, it looked as though the deal might have had to be abandoned as some of the trade ministers involved were preparing to head to an upcoming G20 meeting in Turkey.

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Conservative Leader Stephen Harper, who is scheduled to campaign in Richmond Hill, Ont., this morning, has delayed his trip to speak to media about the deal in Ottawa.

The deal was initially expected to be concluded by last Friday following two days of final negotiations. The haggling, however, ended up dragging on for three more days that included multiple all-night sessions.

Australia's trade minister Andrew Robb told reporters on Sunday that the deal was delayed by a disagreement between his country and the U.S. over next-generation pharmaceuticals. He said that squabble ended up rehashing some other contentious issues that were thought to have been settled.

While Canada was largely a bystander on the feud over how to regulate next-generation pharmaceuticals, it was locked in a rigorous debate over the traditional industry of dairy and how much imports to allow into Canada. CBC News previously reported that the deal could include a major concession from Canadian negotiators on imports of American dairy products.

In addition to the dairy sector, Canada's closely guarded auto sector could be forced to expose itself to greater competition. While the precise details are still unknown, Harper did say during a campaign debate in September that the auto sector may not "like everything that is in that."

The Tories have reportedly been pushing hard to close the trade deal before the Oct. 19 vote, hoping to use it as a tool on the campaign trail to emphasize their claim as the party most dedicated to strengthening Canada's economy.

Proponents of the pact, which would include 40 per cent of the world's economy, have said the agreement is expected to be a boon for Canada's overall economy. But critics say it could come at a cost to certain sectors such as the auto industry and agriculture."

More to come

With files from The Canadian Press and Reuters

[bucket]

Tom

Thanks for that. It's a good read.

Will be interesting to see how it affects the outcome of the election.

But more details are required for Canadians to judge the merits of the deal.

[TOM4CWB]

This could more our grain markets. Up.

[Oliver88]

Great news for grain, oilseeds and beef exports.

Similar to the CETA, another great trade agreement for agriculture.

Interesting how the CBC and their left wing bias will focus on the inefficient, non-competitive, unionized auto sector down east losing out vs how agriculture will benefit.

[riders2010]

This is an oil deal. It will move grain and livestock down. Take a look at who wants to sell beef here and USA. Any time Stevey the liar king went to china for oil deals within month or so grain to china dropped. The deal is all about selling our oil so to get that something else gets sacrificed. It will be agriculture manufacturing and anything that benefits the east.

I ll bet this makes it easier for china to buy land here farm it and take the grain out directly without paying taxes etc on that value.

[Oliver88]

It will remove tariffs on our grain, oilseeds and beef.

It will be a great deal for Saskatchewan, if it helps our oil and LNG exports that will be great as well.

[bucket]

Not to be negative but before it's good for saskatchewan farmers they gave to be able to move product to the ports effectively.

Trade agreements like this don't fix that bottleneck.

[rook]

If Harper's legacy is CETA and TPP then he did very well. These are agreements that will improve Canada for generations.

[wmoebis]

Where does one find a list of what countries have tariffs and how much, on our grain?

[riders2010]

Tell us which countries had tariffs on our grain and livestock and which countries we had tariffs on their grain and livestock?

[canolacrazy]

can someone explain why all the handwringing over the supply managed sector. they are a small part of total agriculture, most who are going to do well in this deal. they only give up a little market access to gain a lot. when the ndp talk about it, it's almost like they'd throw the rest of the country away to save supply management, which drives up prices on dairy and poultry to consumers. give your head a shake.

[foragefarmer]

Oliver 88

Which countries had tariffs on grains involved with the TPP????